By Timothy Gardner WASHINGTON (Reuters) -A coalition of nearly 250 companies and business and labor groups on Thursday urged top U.S. Republican senators to preserve a credit for the emerging hydrogen fuel industry as they hash out President Donald Trump’s tax and spending bill. Oil and gas lobbying group the American Petroleum Institute, a local …
Drillers, unions urge US senators to preserve hydrogen credit Read More »
By Nichola Groom (Reuters) -A last-minute tweak to the Republican budget bill passed by Congress last month would immediately end subsidies for solar leasing companies that help make rooftop systems affordable to homeowners, likely leading to a massive drop in the pace of installations, according to industry representatives. President Donald Trump’s “big, beautiful bill,” now …
Trump budget bill would kill subsidies that made home solar mainstream Read More »
By Arasu Kannagi Basil and Anirban Sen NEW YORK (Reuters) -Intercontinental Exchange-owned NYSE’s President Lynn Martin said on Thursday that public markets were ready for well-prepared companies even amid tariff concerns, as robust investor demand sets up the U.S. IPO market for a potential rebound. Optimism that 2025 would finally be the year for a …
SANTIAGO (Reuters) – Chilean business magnate Julio Ponce will leave several of his companies, he said in a statement on Thursday, while the firms announced a broader restructuring that seeks to merge units into fewer entities. They include firms that hold significant stakes in Chilean lithium producer SQM. Ponce said he was passing on control …
Chilean business magnate Ponce exits firms with stakes in lithium miner SQM Read More »
By Michael S. Derby (Reuters) -In his final speech as a central banker, Philadelphia Federal Reserve President Patrick Harker said on Thursday the economic outlook is too unsettled right now to say what’s next for monetary policy. “America’s economy remains resilient,” Harker said in the text of a speech prepared for delivery before a gathering …
Fed’s Harker says its time for caution on monetary policy amid uncertainty Read More »
(Reuters) -Kansas City Federal Reserve Bank President Jeff Schmid on Thursday expressed concern that tariffs could rekindle inflation, saying upward price pressure could be apparent in coming months but not fully known for much longer. The comments show Schmid is likely inclined to hold the Fed policy rate steady not just at its upcoming June …
Fed’s Schmid: uncomfortable with looking through tariff-driven price push Read More »
(Reuters) -The U.S. Securities and Exchange Commission has given Elon Musk six more weeks to respond to its civil lawsuit accusing the world’s richest person of waiting too long in 2022 to reveal his large stake in Twitter, the social media company he later bought and renamed X. In a filing in federal court in …
Elon Musk gets more time to respond to US SEC lawsuit over Twitter stake Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank cut interest rates as expected on Thursday but hinted at a pause in its year-long easing cycle after inflation finally returned to its 2% target. The ECB has lowered borrowing costs eight times, or by 2 percentage points since last June, seeking to …
By Utkarsh Shetti (Reuters) -Defense technology startup Anduril Industries has clinched a valuation of $30.5 billion in its latest funding round where it raised $2.5 billion, the company said on Thursday. This round more than doubled the Palmer Luckey-founded company’s valuation, from $14 billion last year when it raised $1.5 billion. The development confirms a …
Anduril secures $30.5 billion valuation in latest fund raise Read More »
By Ana Mano SAO PAULO (Reuters) – Brazilian food processor BRF is confident local companies will be able to circumvent chicken trade bans in a matter of days as local authorities have so far been able to control a bird flu outbreak in the world’s largest chicken-exporting nation. Speaking at an industry event in Sao …
Brazil’s BRF confident bird flu crisis will be over soon Read More »
